Communiqués de presse

TORONTO, October 21, 2014 – First Asset Exchange Traded Funds announces the following distributions for the month ending October 31, 2014. In all cases, the distribution will be paid on or before November 5, 2014, to unitholders of record on October 30, 2014. The ex-dividend date in each case is October 28, 2014.

TradingSymbol

Distribution Amount (per unit)

First Asset Canadian Convertible Bond ETF

CXF

$0.0398

CXF.A

$0.0328

First Asset All Canada Bond Barbell Index ETF

AXF

$0.0253

AXF.A

$0.0207

First Asset Corporate Bond Barbell Index ETF

KXF

$0.0312

KXF.A

$0.0265

First Asset Government Bond Barbell Index ETF

GXF

$0.0236

GXF.A

$0.0193

First Asset Provincial Bond Index ETF

PXF

$0.0306

PXF.A

$0.0259

First Asset Morningstar Emerging Markets Composite Bond Index ETF

EXM

$0.0384

EXM.A

$0.0343

First Asset Active Canadian REIT ETF

FRF

$0.0604

FRF.A

$0.0490

First Asset Active Canadian Dividend ETF

FDV

$0.0290

FDV.A

$0.0183

All of the distributions indicated in the table above will be paid in cash unless the Unitholder has enrolled in the applicable DRIP of the respective ETF. Under the DRIP, any distributions made by an ETF are automatically used to purchase additional units of the ETF making the distribution. Eligible unitholders are encouraged to contact the institution through which they hold their units to confirm enrolment procedures and timelines. A copy of the Distribution Reinvestment Plan is available at www.firstasset.com.

For further information, please contact Investor Relations, First Asset at 416-642-1289 or 1?877?642?1289 or visit www.firstasset.com.

You will usually pay brokerage fees to your dealer if you purchase or sell units/shares of an investment fund on the Toronto Stock Exchange ("TSX"). If the units/shares are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units/shares of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units/shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. The indicated rate(s) of return is/are the historical annual compounded total return(s) including changes in share/unit value and reinvestment of all dividends/distributions and does/do not take into account certain fees (such as redemption fees or optional charges) or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.